Recent Accounting Pronouncements (Tables)

9 Months Ended

Jun. 30, 2019

Schedule of Contract With Customer Asset And Liability

Contract assets were formerly reported within costs in excess of billings and unbilled receivables. Contract liabilities were formerly reported as deferred revenue. The titles have been changed in the table below to be consistent with accounts currently used under the new standard.

	September 30, 2018
	As Reported	As Adopted
Unbilled receivables	1,215,000	1,214,000
Contract assets	—	1,000
Security and other deposits	65,000	58,000
Long term contract assets	—	7,000
Deferred revenue	253,000	—
Contract liabilities	—	253,000

Schedule of Disaggregation of Revenue

The Company disaggregates revenue from contracts with customers by geographic locations, customer-type, contract type, timing of recognition, and major categories for each segments, as the Company believes it best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. See details in the tables below.

	Three Months Ended June 30, 2019						Nine Months Ended June 30, 2019
			Innovation &						Innovation &
	Optics		Development		Total		Optics		Development		Total
Total Revenue by Geographic Location
United States	$	3,688,000	$	4,981,000	$	8,669,000	$	10,567,000	$	14,334,000	$	24,901,000
Asia		667,000		—		667,000		2,440,000		22,000		2,462,000
Europe		1,422,000		46,000		1,468,000		4,608,000		97,000		4,705,000
Other		122,000		164,000		286,000		231,000		351,000		582,000
Total	$	5,899,000	$	5,191,000	$	11,090,000	$	17,846,000	$	14,804,000	$	32,650,000
Total Revenue by Contract Type
Firm-fixed price	$	5,899,000	$	500,000	$	6,399,000	$	17,846,000	$	1,663,000	$	19,509,000
Non-Firm Fixed price		—		4,691,000		4,691,000		—		13,141,000		13,141,000
Total	$	5,899,000	$	5,191,000	$	11,090,000	$	17,846,000	$	14,804,000	$	32,650,000
Total Revenue by Major Customer Type
U.S. government revenue	$	53,000	$	4,856,000	$	4,909,000	$	56,000	$	14,072,000	$	14,128,000
U.S. commercial revenue		3,634,000		125,000		3,759,000		10,511,000		262,000		10,773,000
Foreign commercial and other revenue		2,212,000		210,000		2,422,000		7,279,000		470,000		7,749,000
Total	$	5,899,000	$	5,191,000	$	11,090,000	$	17,846,000	$	14,804,000	$	32,650,000
Total Revenue by Major Products/Services
Optical components	$	5,850,000	$	—	$	5,850,000	$	17,682,000	$	—	$	17,682,000
Contract research		—		5,009,000		5,009,000		—		14,430,000		14,430,000
Other products and services		49,000		182,000		231,000		164,000		374,000		538,000
Total	$	5,899,000	$	5,191,000	$	11,090,000	$	17,846,000	$	14,804,000	$	32,650,000
Total Revenue by Timing of Recognition
Goods/services transferred over time	$	712,000	$	5,017,000	$	5,729,000	$	1,780,000	$	14,456,000	$	16,236,000
Goods transferred at a point in time		5,187,000		174,000		5,361,000		16,066,000		348,000		16,414,000
Total	$	5,899,000	$	5,191,000	$	11,090,000	$	17,846,000	$	14,804,000	$	32,650,000

Accounting Standards Update 2014-09 [Member]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The cumulative effect of the changes made to the October 1, 2018 unaudited consolidated balance sheet for the adoption of Topic 606 was as follows:

	Balance at	Adjustment for	Adjusted balance at
	September 30, 2018	Topic 606	October 1, 2018
Assets:
Unbilled receivables	1,214,000	40,000	1,254,000
Inventories, net of reserves	4,106,000	(18,000)	4,088,000
Liabilities:
Contract liabilities	253,000	—	253,000
Stockholders’ equity:
Retained earnings	841,000	22,000	863,000